Community Research and Development Information Service - CORDIS

Abstract

This paper addresses a series of key policy questions in industrial R&D. It questions whether EU growth suffers from underinvestment in R&D, or whether the lack of R&D is a reflection of more general imperfections of the single market. It also elaborates on the finding that EU companies in sectors with traditionally high levels of R&D spend as much on R&D as their competitors. This is combined with evidence from surveys showing that lack of funding for R&D is not the most binding constraint for investing companies. It also builds on the notion that the internationalisation and outsourcing of R&D appears to carry on regardless of differences in government financial support. One conclusion, therefore, is that market-oriented reforms and complementary policies to improve the structure of the European economy may be more effective in raising R&D expenditures - and in generating growth through innovation - than direct incentives.

Additional information

Authors: BRANDSMA A, European Commission, Joint Research Centre, Institute for Prospective Technological Studies, Seville (ES);VAN BAVEL R, European Commission, Joint Research Centre, Institute for Prospective Technological Studies, Seville (ES);CIUPAGEA C, European Commission, Joint Research Centre, Institute for Prospective Technological Studies, Seville (ES)
Bibliographic Reference: EUR 22695 EN (2007), various paging. Free of charge
Availability: Katalogue Number: LF-NA-22695-EN-C The PDF version can be downloaded from: http://bookshop.europa.eu
ISBN: ISBN 978-92-79-05129-6
Record Number: 200819793 / Last updated on: 2008-05-05
Category: PUBLICATION
Original language: en
Available languages: en